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need help with these! Bob orally agrees to payoff the credit card debt of Carol. If Carol defaults can the credit card company file a
need help with these!
Bob orally agrees to payoff the credit card debt of Carol. If Carol defaults can the credit card company file a breach of contract claim against Bob. a. Yes because Bob has become a creditor beneficiary b. Yes, because Bob is a donee beneficiary. c. No, because Bob did not satisfy the statute of frauds. d. No, because the debt was not subject to delegation. QUESTION 46 If Bob agrees t pay Jim $20 to mow his lawn and before the money is due and before Jim has mowed the lawn, Bob sees a for sale sign on Jim's only lawn mower. What can Bob do? a. make a demand for reasonable assurances b. terminate the contract at once c. nothing because Jim has not breached the contract yet d. unilaterally modify the agreement Which of the following situations terminates a contract? a. mutual rescission b. waiver whereby a party voluntarily gives up a right she has under a contract but doesn't give up the entire right to performance by the other side. c. substituted agreement d. accord and satisfaction e. a,c and d QUESTION 48 What is the legal significance of Bob lighting a contract between Bob and lim on fire in Jim's presence. This acts as a cancellation of the contract. None, unless Bob accidentaily sets something else on fire. None, because the contract is not altered in this instance. none of the above. If an insurance company fails to to provide benefits of a life insurance policy the beneficiary under the policy a. can file suit because anyone can file suit for a breach of contract. b. can file suit because they are a donee beneficiary. c. cannot file suit because they are not a party to the contract. d. cannot file suit because of the rule against perpetuities Step by Step Solution
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